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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

493392

Report Date :

21.02.2018

 

 

IDENTIFICATION DETAILS

 

Name :

PVS INTERNATIONAL (SINGAPORE) PTE LTD

 

 

Registered Office :

14, Robinson Road, 08-02, Far East Finance Building, 048545

 

 

Country :

Singapore

 

 

Date of Incorporation :

15.04.1992

 

 

Com. Reg. No.:

199201934-Z

 

 

Legal Form :

Exempt Private (Limited By Share)

 

 

Line of Business :

The subject is engaged in the wholesaler of sawn timber, plywood and related products.

 

 

No. of Employees :

11 [2017]

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

D

 

Credit Rating

Explanation

Rating Comments

D

High Risk

Business dealing not recommended or on secured terms only

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Singapore

A1

A1

 

Risk Category

 

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

SINGAPORE - ECONOMIC OVERVIEW

 

Singapore has a highly developed and successful free-market economy. It enjoys a remarkably open and corruption-free environment, stable prices, and a per capita GDP higher than that of most developed countries. Unemployment is very low. The economy depends heavily on exports, particularly of consumer electronics, information technology products, medical and optical devices, pharmaceuticals, and on its vibrant transportation, business, and financial services sectors.

The economy contracted 0.6% in 2009 as a result of the global financial crisis, but has continued to grow since 2010. Growth in 2014-16 was slower than during the previous decade, at under 3% annually, largely a result of soft demand for exports amid a sluggish global economy and weak growth in Singapore’s manufacturing sector.

The government is attempting to restructure Singapore’s economy by weaning its dependence on foreign labor, addressing weak productivity growth, and increasing Singaporean wages. Singapore has attracted major investments in advanced manufacturing, pharmaceuticals, and medical technology production and will continue efforts to strengthen its position as Southeast Asia's leading financial and technology hub. Singapore is a member of the Regional Comprehensive Economic Partnership negotiations with the nine other ASEAN members plus Australia, China, India, Japan, South Korea, and New Zealand. In 2015, Singapore formed, with the other ASEAN members, the ASEAN Economic Community.

 

Source : CIA

 

 

EXECUTIVE SUMMARY

 

REGISTRATION NO.

:

199201934-Z

COMPANY NAME

:

PVS INTERNATIONAL (SINGAPORE) PTE LTD

FORMER NAME

:

N/A

INCORPORATION DATE

:

15/04/1992

COMPANY STATUS

:

EXIST

LEGAL FORM

:

EXEMPT PRIVATE (LIMITED BY SHARE)

LISTED STATUS

:

NO

REGISTERED ADDRESS

:

14, ROBINSON ROAD, 08-02, FAR EAST FINANCE BUILDING, 048545, SINGAPORE.

BUSINESS ADDRESS

:

14 ROBINSON ROAD, 08-02 FAR EAST FINANCE BUILDING, 048545, SINGAPORE.

TEL.NO.

:

65-63344930

FAX.NO.

:

65-63342063

EMAIL

:

INFO@PVSINTERNATIONAL.COM

WEB SITE

:

WWW.PVSINTERNATIONAL.COM

CONTACT PERSON

:

NIHALANI VIJAY CHOITHRAM ( MANAGING DIRECTOR )

PRINCIPAL ACTIVITY

:

WHOLESALER OF SAWN TIMBER, PLYWOOD AND RELATED PRODUCTS

ISSUED AND PAID UP CAPITAL

:

8,050,000.00 ORDINARY SHARE, OF A VALUE OF SGD 8,050,000.00

SALES

:

N/A

NET WORTH

:

N/A

STAFF STRENGTH

:

11 [2017]

BANKER (S)

:

BANK OF BARODA
BANK OF INDIA
CITIBANK N.A.
INDIAN BANK
INDIAN OVERSEAS BANK
MALAYAN BANKING BHD
UCO BANK

LITIGATION

:

CLEAR

FINANCIAL CONDITION

:

N/A

PAYMENT

:

UNKNOWN

MANAGEMENT CAPABILITY

:

AVERAGE

COMMERCIAL RISK

:

MODERATE

CURRENCY EXPOSURE

:

HIGH

GENERAL REPUTATION

:

SATISFACTORY

INDUSTRY OUTLOOK

:

AVERAGE GROWTH

 

 

HISTORY / BACKGROUND

 

The Subject is an exempt private company whose shares are not held by any corporate body and has no more than 20 shareholders who are all natural persons. An exempt company is a type of private limited company. A private limited company is a separate legal entity from its shareholders. As a separate legal entity, the Subject is capable of owning assets, entering into contracts, suing or be sued by other companies.

An exempt private company with an annual turnover of ≤ SGD10 million, or total assets ≤ SGD10 million or number of employees ≤ 50 (meet at least 2 criteria for immediate past two financial years) are exempted from statutory auditing requirements. The Subject is not required to have their accounts audited. However, the Subject will prepare unaudited accounts for purposes of AGMs and filing with Registry Office if it is unable to meet all its obligations as and when they fall due.

An exempt private company with an annual turnover of more than SGD10 million, or total assets more than SGD10 million or number of employees more than 50 (meet at least 2 criteria for immediate past two financial years) are required to file the audited financial.

 

The Subject is principally engaged in the (as a / as an) wholesaler of sawn timber, plywood and related products.

 

Former Address(es)

Address

As At Date

133, CECIL STREET, 16-02A, KECK SENG TOWER, 069535

N/A

 

Share Capital History

Date

Issue & Paid Up Capital

27/10/2017

SGD 8,050,000.00

 

The major shareholder(s) of the Subject are shown as follows :

 

Current Shareholder(s) :

Name

Address

IC/PP/Loc No

Shareholding

(%)

NIHALANI VIJAY CHOITHRAM +

133, CECIL STREET, 16-02A, KECK SENG TOWER, 069535, SINGAPORE.

F1652698M

4,830,000.00

60.00

NIHALANI PAVAN VIJAY +

701, COSTE BELLE PERRY CROSS ROAD BANDRA, MUMBAI, INDIA.

Z3315057

805,000.00

10.00

NIHALANI PREETI VIJAY +

701, COSTE BELLE PERRY CROSS ROAD, BANDRA, MUMBAI, INDIA.

Z2057914

805,000.00

10.00

NIHALANI VIKASH VIJAY +

701, COSTE BELLE PERRY CROSS ROAD, BANDRA, MUMBAI, INDIA.

Z3068339

805,000.00

10.00

NIHALANI SANJAY VIJAY +

701, COSTE BELLE PERRY CROSS ROAD, BANDRA, MUMBAI, INDIA.

Z3077981

805,000.00

10.00

---------------

------

8,050,000.00

100.00

============

=====

 

+ Also Director

 

 

DIRECTORS

 

DIRECTOR 1

 

Name Of Subject

:

JOSEPH GEORGE

Address

:

1F, PINE GROVE, 07-31, PINE GROVE, 595001, SINGAPORE.

IC / PP No

:

S0016187Z

Nationality

:

SINGAPOREAN

Date of Appointment

:

30/12/2016



INTEREST CHECK

Interest in companies

:

see below

Interest in business

:

none in our databank

Former interest

:

none in our databank

INTEREST IN COMPANY

No

Local No

Company

Designation

App Date

Shareholding

Profit/(loss) After Tax

Financial Year

Status

As At

No.

%

1

200715054K

MAHESH TIMBER SINGAPORE PTE. LTD.

Secretary Director

30/11/2016 30/11/2016

0.00

-

USD421,350.00

2015

-

12/09/2017

2

199201934Z

PVS INTERNATIONAL (SINGAPORE) PTE LTD

Director

30/12/2016

0.00

-

-

-

-

27/10/2017

 

DIRECTOR 2

 

Name Of Subject

:

NIHALANI VIKASH VIJAY

Address

:

701, COSTE BELLE PERRY CROSS ROAD, BANDRA, MUMBAI, INDIA.

IC / PP No

:

Z3068339

Nationality

:

INDIAN

Date of Appointment

:

18/03/2011



INTEREST CHECK

Interest in companies

:

see below

Interest in business

:

none in our databank

Former interest

:

none in our databank

INTEREST IN COMPANY

No

Local No

Company

Designation

App Date

Shareholding

Profit/(loss) After Tax

Financial Year

Status

As At

No.

%

1

199201934Z

PVS INTERNATIONAL (SINGAPORE) PTE LTD

Director

18/03/2011

805,000.00

10.00

-

-

-

27/10/2017

 

DIRECTOR 3

 

Name Of Subject

:

NIHALANI PAVAN VIJAY

Address

:

701, COSTE BELLE PERRY CROSS ROAD BANDRA, MUMBAI, INDIA.

IC / PP No

:

Z3315057

Nationality

:

INDIAN

Date of Appointment

:

18/03/2011


INTEREST CHECK

Interest in companies

:

see below

Interest in business

:

none in our databank

Former interest

:

none in our databank

INTEREST IN COMPANY

No

Local No

Company

Designation

App Date

Shareholding

Profit/(loss) After Tax

Financial Year

Status

As At

No.

%

1

199201934Z

PVS INTERNATIONAL (SINGAPORE) PTE LTD

Director

18/03/2011

805,000.00

10.00

-

-

-

27/10/2017

 

DIRECTOR 4

 

Name Of Subject

:

NIHALANI PREETI VIJAY

Address

:

701, COSTE BELLE PERRY CROSS ROAD, BANDRA, MUMBAI, INDIA.

IC / PP No

:

Z2057914

Nationality

:

INDIAN

Date of Appointment

:

18/03/2011



 

INTEREST CHECK

Interest in companies

:

see below

Interest in business

:

none in our databank

Former interest

:

none in our databank

INTEREST IN COMPANY

No

Local No

Company

Designation

App Date

Shareholding

Profit/(loss) After Tax

Financial Year

Status

As At

No.

%

1

199201934Z

PVS INTERNATIONAL (SINGAPORE) PTE LTD

Director

18/03/2011

805,000.00

10.00

-

-

-

27/10/2017

 

DIRECTOR 5

 

Name Of Subject

:

NIHALANI SANJAY VIJAY

Address

:

701, COSTE BELLE PERRY CROSS ROAD, BANDRA, MUMBAI, INDIA.

IC / PP No

:

Z3077981

Nationality

:

INDIAN

Date of Appointment

:

18/03/2011



INTEREST CHECK

Interest in companies

:

see below

Interest in business

:

none in our databank

Former interest

:

none in our databank

INTEREST IN COMPANY

No

Local No

Company

Designation

App Date

Shareholding

Profit/(loss) After Tax

Financial Year

Status

As At

No.

%

1

199201934Z

PVS INTERNATIONAL (SINGAPORE) PTE LTD

Director

18/03/2011

805,000.00

10.00

-

-

-

27/10/2017

 

DIRECTOR 6

 

Name Of Subject

:

NIHALANI VIJAY CHOITHRAM

Address

:

133, CECIL STREET, 16-02A, KECK SENG TOWER, 069535, SINGAPORE.

IC / PP No

:

F1652698M

Nationality

:

INDIAN

Date of Appointment

:

15/04/1992


INTEREST CHECK

Interest in companies

:

see below

Interest in business

:

none in our databank

Former interest

:

none in our databank

INTEREST IN COMPANY

No

Local No

Company

Designation

App Date

Shareholding

Profit/(loss) After Tax

Financial Year

Status

As At

No.

%

1

199201934Z

PVS INTERNATIONAL (SINGAPORE) PTE LTD

Director Secretary

15/04/1992 24/06/2011

4,830,000.00

60.00

-

-

-

27/10/2017

 

 

MANAGEMENT

 

 

 

1)

Name of Subject

:

NIHALANI VIJAY CHOITHRAM

Position

:

MANAGING DIRECTOR

 

 

 

AUDITOR

 

Auditor

:

V. P. KUMARAN & CO.

Auditor' Address

:

N/A

 

 

 

COMPANY SECRETARIES

 

1)

Company Secretary

:

NIHALANI VIJAY CHOITHRAM

IC / PP No

:

F1652698M

Address

:

133, CECIL STREET, 16-02A, KECK SENG TOWER, 069535, SINGAPORE.

 

2)

Company Secretary

:

NABOOBALAN RAMASAMY NAIDU

IC / PP No

:

S1410300G

Address

:

229, ANG MO KIO AVENUE 3, 07-1290, KEBUN BARU PALM VIEW, 560229, SINGAPORE.

 

 

 

BANKING


Banking relations are maintained principally with :

1)

Name

:

BANK OF BARODA

 

2)

Name

:

BANK OF INDIA

 

3)

Name

:

CITIBANK N.A.

 

4)

Name

:

INDIAN BANK

 

5)

Name

:

INDIAN OVERSEAS BANK

 

6)

Name

:

MALAYAN BANKING BHD

 

7)

Name

:

UCO BANK

 

 

 

ENCUMBRANCE (S)

 

Charge No

Creation Date

Charge Description

Chargee Name

Total Charge

Status

C201006604

30/07/2010

N/A

BANK OF BARODA

-

Unsatisfied

C201201119

30/01/2012

N/A

MALAYAN BANKING BERHAD

-

Unsatisfied

C201212060

19/10/2012

N/A

MALAYAN BANKING BERHAD

-

Unsatisfied

C201309749

17/07/2013

N/A

BANK OF BARODA

-

Unsatisfied

C201309753

17/07/2013

N/A

BANK OF BARODA

-

Unsatisfied

C201315119

08/11/2013

N/A

MALAYAN BANKING BERHAD

-

Unsatisfied

C201317071

19/12/2013

N/A

UCO BANK

-

Unsatisfied

C201612106

01/12/2016

N/A

UCO BANK

-

Unsatisfied

 

 

LITIGATION CHECK - SUBJECT COMPANY AS A DEFENDANT


* A check has been conducted in our databank againt the Subject whether the subject has been involved in any litigation.

No legal action was found in our databank.

No winding up petition was found in our databank.

 

PAYMENT RECORD

 

 

SOURCES OF RAW MATERIALS:

 

Local

:

NO

 

Overseas

:

YES

Percentage

:

100%

Import Countries

:

INDIA,MALAYSIA

 

 

CLIENTELE

 

Local

:

YES

Domestic Markets

:

SINGAPORE

Overseas

:

YES

Export Market

:

ASIA PACIFIC

Credit Term

:

AS AGREED

Payment Mode

:

CHEQUES
TELEGRAPHIC TRANSFER (TT)

 

OPERATIONS

 

Goods Traded

:

SAWN TIMBER, PLYWOOD AND RELATED PRODUCTSN

 

Total Number of Employees:

 

YEAR

2017

2016

2015

2014

2013

GROUP

N/A

N/A

N/A

N/A

N/A

COMPANY

11

12

12

12

18

 

Branch

:

NO

Other Information:


The Subject is principally engaged in the (as a / as an) wholesaler of sawn timber, plywood and related products.

The Subject's products & services:

* pinewood
* plywood & veneer : whsle & mfrs
* sawn timber
* teak
* timber
* timber, timber equipment, supplies & services
* veneer

The Subject is the leading international wood supply chain company.

 

 

FINANCIAL ANALYSIS

 

An exempt private company with an annual turnover of ≤ SGD10 million, or total assets ≤ SGD10 million or number of employees ≤ 50 (meet at least 2 criteria for immediate past two financial years) are exempted from statutory auditing requirements. The Subject is not required to have their accounts audited. However, the Subject will prepare unaudited accounts for purposes of AGMs and filing with Registry Office if it is unable to meet all its obligations as and when they fall due.

An exempt private company with an annual turnover of more than SGD10 million, or total assets more than SGD10 million or number of employees more than 50 (meet at least 2 criteria for immediate past two financial years) are required to file the audited financial.

Overall financial condition of the Subject : N/A

 

 

 

SINGAPORE ECONOMIC / INDUSTRY OUTLOOK

 

Major Economic Indicators :

2012

2013

2014

2015

2016*

 

Population (Million)

5.31

5.40

5.47

5.54

5.63

Gross Domestic Products ( % )

1.3

3.7

(3.5)

3.7

4.8

Consumer Price Index

4.6

2.4

2.4

(0.5)

(0.7)

Total Imports (Million)

474,554.0

466,762.0

463,779.1

407,767.9

398,372.0

Total Exports (Million)

510,329.0

513,391.0

518,922.7

476,285.4

468,552.0

 

Unemployment Rate (%)

2.0

1.9

1.9

1.9

2.1

Tourist Arrival (Million)

14.49

15.46

15.01

15.23

16.28

Hotel Occupancy Rate (%)

86.4

86.3

85.5

85.0

-

Cellular Phone Subscriber (Million)

1.52

1.97

1.98

1.99

-

 

Registration of New Companies (No.)

31,892

37,288

41,589

34,243

35,528

Registration of New Companies (%)

(1.3)

9.8

11.5

(17.7)

3.8

Liquidation of Companies (No.)

17,218

17,369

18,767

21,384

-

Liquidation of Companies (%)

9.4

(5.3)

8.0

13.9

-

 

Registration of New Businesses (No.)

24,788

22,893

35,773

28,480

33,326

Registration of New Businesses (%)

5.51

1.70

56.30

(20.39)

17.02

Liquidation of Businesses (No.)

22,489

22,598

22,098

26,116

-

Liquidation of Businesses (%)

(2.2)

0.5

(2.2)

18.2

-

 

Bankruptcy Orders (No.)

1,748

1,992

1,757

1,776

-

Bankruptcy Orders (%)

14.5

14.0

(11.8)

1.0

-

Bankruptcy Discharges (No.)

1,881

2,584

3,546

3,499

-

Bankruptcy Discharges (%)

35.2

37.4

37.2

(1.3)

-

 

INDUSTRIES ( % of Growth ) :

Agriculture

Production of Principal Crops

5.16

1.78

4.29

3.04

-

Fish Supply & Wholesale

(0.5)

(3.8)

(8.6)

(8.5)

(9.9)

 

Manufacturing #

Food, Beverages & Tobacco

97.9

97.9

99.4

100.0

103.7

Textiles

140.1

119.5

102.7

100.0

93.3

Wearing Apparel

395.4

334.1

212.6

100.0

80.3

Leather Products & Footwear

109.5

122.0

106.5

100.0

93.2

Wood & Wood Products

93.3

103.0

107.2

100.0

90.5

Paper & Paper Products

98.5

104.4

104.5

100.0

99.7

Printing & Media

122.8

113.8

105.968

100.0

86.9

Crude Oil Refineries

107.1

100.7

92.2

100.0

100.5

Chemical & Chemical Products

85.3

88.4

96.7

100.0

97.6

Pharmaceutical Products

103.8

101.421

109.4

100.0

115.9

Rubber & Plastic Products

113.5

109.497

109.2

100.0

87.9

Non-metallic Mineral

108.8

107.4

90.759

100.0

93.6

Basic Metals

91.5

77.2

99.3

100.0

113.1

Fabricated Metal Products

107.314

107.5

107.757

100.0

91.7

Machinery & Equipment

107.3

109.1

118.2

100.0

79.3

Electrical Machinery

80.102

87.4

97.871

100.0

99.3

Electronic Components

100.7

105.0

105.6

100.0

106.3

Transport Equipment

109.9

111.1

106.68

100.0

98.7

 

Construction

28.70

25.40

22.00

-

-

Real Estate

31.9

88.5

145.1

-

-

 

Services

Electricity, Gas & Water

6.30

6.70

6.50

-

-

Transport, Storage & Communication

5.30

9.80

14.20

-

-

Finance & Insurance

0.50

3.30

6.00

-

-

Government Services

6.00

6.50

6.30

-

-

Education Services

0.30

3.10

5.98

-

-

 

* Estimate / Preliminary

# Based on Index of Industrial Production (2015 = 100)

 

 

INDUSTRY ANALYSIS

 

INDUSTRY :

TRADING

The wholesale & retail trade sector expanded by 6.8% in the third quarter of 2015, higher than the 6.0% growth in the preceding quarter. Growth was supported by both the wholesale trade and retail trade segments. The wholesale trade segment was boosted by an increase in both domestic and foreign wholesale trade sales volume. In particular, the domestic wholesale trade index rose by 7.4%, following the 8.1 % increase in the previous quarter. The strong performance in domestic wholesale trade was due to a surge in the sales of petroleum and petroleum products (14%), chemicals & chemical products (39%) and telecommunications & computers (18%).

Similarly, the foreign wholesale trade index rose by 10% in the third quarter of 2015, accelerating from the 6.9% rise in the previous quarter. Growth was driven by improvements in the sales of petroleum & petroleum products (21%), metals, timber & construction materials (10%) and general wholesale trade (8.8%).

Overall retail trade sales volume also recorded resilient growth of 5.6% in the third quarter of 2015, extending the 6.4 % expansion in the second quarter. Growth was supported by a surge in the volume of motor vehicle sales (44%), which was in turn due to a substantial increase in the supply of Certificate of Entitlements. Excluding motor vehicles, retail sales volume increased at a much slower pace of 0.7% over the same period. The increase in retail sales volume (excluding motor vehicles) was due to improved non-discretionary goods sales. For instance, the sales of medical goods & toiletries and department store goods rose by 8.1% and 3.6% respectively.

According to the Retail News Asia, Food and beverage has overtaken fashion as the primary driver of demand for retail real estate in Singapore. Despite declining retail sales and consumer spending, the prime retail sector remained in good shape during the third quarter 2015.

OVERALL INDUSTRY OUTLOOK : AVERAGE GROWTH

 

 

CREDIT RISK EVALUATION & RECOMMENDATION

 


Incorporated in 1992, the Subject is an Exempt Private company, focusing on wholesaler of sawn timber, plywood and related products. The Subject has been in business for over two decades. It has built up a strong clientele base and satisfactory reputation will enable the Subject to further enhance its business in the near term.  The Subject is expected to enjoy a stable market shares. A paid up capital of SGD 8,050,000 allows the Subject to expand its business more comfortably. However, the Subject does not have strong shareholders' backing. Without a strong shareholders' backing, the opportunity of the Subject to expand its business is limited.

Over the years, the Subject has penetrated into both the local and overseas market. The Subject has positioned itself in the global market and is competing in the industry. Its stable clientele base will enable the Subject to further enhance its business in the near term. Being a small company, the Subject's business operation is supported by 11 employees. Overall, we regard that the Subject's management capability is average. This indicates that the Subject has greater potential to improve its business performance and raising income for the Subject.

No financial accounts are available for analysis. As such, we are not able to comment on the Subject's current financial standing.

Investigation revealed that the Subject's supplies are 100% sourced from overseas countries. As an imported oriented company, its forex exposure is high. The Subject faces foreign currency fluctuation which may affect its overall operating costs.

The industry shows an upward trend and this trend is very likely to sustain in the near terms.

In view of the above, we recommend credit be granted to the Subject with close monitoring.

 

 

FINANCIAL ACCOUNT


No latest financial accounts are available at the Registry Office.


 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 64.53

UK Pound

1

INR 90.13

Euro

1

INR 79.85

SGD

1

INR 49.02

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

VIV

 

 

Report Prepared by :

TPT

                                                


 

 

RATING EXPLANATIONS

 

Credit Rating

 

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.